Oh, my stars and hexagons! DNA code shapes gold nanoparticles

ScienceDaily (Aug. 8, 2012) DNA holds the genetic code for all sorts of biological molecules and traits. But University of Illinois researchers have found that DNA's code can similarly shape metallic structures.

The team found that DNA segments can direct the shape of gold nanoparticles -- tiny gold crystals that have many applications in medicine, electronics and catalysis. Led by Yi Lu, the Schenck Professor of Chemistry at the U. of I., the team published its surprising findings in the journal Angewandte Chemie.

"DNA-encoded nanoparticle synthesis can provide us a facile but novel way to produce nanoparticles with predictable shape and properties," Lu said. "Such a discovery has potential impacts in bio-nanotechnology and applications in our everyday lives such as catalysis, sensing, imaging and medicine."

Gold nanoparticles have wide applications in both biology and materials science thanks to their unique physicochemical properties. Properties of a gold nanoparticle are largely determined by its shape and size, so it is critical to be able to tailor the properties of a nanoparticle for a specific application.

"We wondered whether different combinations of DNA sequences could constitute 'genetic codes' to direct the nanomaterial synthesis in a way similar to their direction of protein synthesis," said Zidong Wang, a recent graduate of Lu's group and the first author of the paper.

Gold nanoparticles are made by sewing tiny gold seeds in a solution of gold salt. Particles grow as gold in the salt solution deposits onto the seeds. Lu's group incubated the gold seeds with short segments of DNA before adding the salt solution, causing the particles to grow into various shapes determined by the genetic code of the DNA.

The DNA alphabet comprises four letters: A, T, G and C. The term genetic code refers to the sequence of these letters, called bases. The four bases and their combinations can bind differently with facets of gold nanoseeds and direct the nanoseeds' growth pathways, resulting in different shapes.

In their experiments, the researchers found that strands of repeating A's produced rough, round gold particles; T's, stars; C's, round, flat discs; G's, hexagons. Then the group tested DNA strands that were a combination of two bases, for example, 10 T's and 20 A's. They found that many of the bases compete with each other resulting in intermediate shapes, although A dominates over T.

Next, the researchers plan to investigate exactly how DNA codes direct nanoparticle growth. They also plan to apply their method to synthesize other types of nanomaterials with novel applications.

The National Science Foundation supported this work.

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Oh, my stars and hexagons! DNA code shapes gold nanoparticles

Posted in DNA

Custom DNA Art Installation

When a Texas based entrepreneur and art aficionado contacted DNA Art US about providing DNA art for all his family we were, naturally, very interested. Ideas were discussed and over time these ideas developed into a unique series of artworks that would be the centerpiece of his art collection.

Each of the four pieces is a whopping 99 inches long and 16 inches wide. The incredible color reproduction of the Orange Aid color scheme ideally compliments the natural stone and the surrounding decor.

The floor to ceiling windows created a lot of glare on our regular acrylic product; the solution was museum quality non glare acrylic. This exotic material reduces reflections to less than 15% while maintaining over 98% light transmission. All that plus it is only half the weight of glass. In common with all our range of acrylic and metal DNA art products the wall mountings are hidden giving the impression of the artworks floating in space.

President of DNA Art US LLC, Ric Harrison, says, We enjoyed the challenge of producing totally unique custom DNA artworks for our customer. Since beginning that project we have had other requests for custom pieces and we see this as a growing market for people who want to express their personalities in different, eye-catching ways

Ordering and information about the process is available on the website, http://www.dna-art-us.com. The standard range of artworks can depict the DNA of one, two, or four people but any number can be included in a wide range of custom styles and sizes.

DNA Art US offers the DNA Vision and DNA Vision Zoom ranges in collaboration with DNA Art UK. This partnership provides the best of British design coupled with innovative American production processes. DNA Art US are the only company providing the highest quality materials, processes and genuine craftsmen to produce handmade printed artworks on acrylic, canvas and metal worthy of the name masterpiece.

Obtaining the DNA sample is very easy. Customers receive a DNA Collection kit through the mail and, using the enclosed sterile swab; simply rub the inside of the cheek with it. Cells from the inner cheek membrane are absorbed within the cotton. Place the swab back in the protective case and return it to DNA Art US and they take care of the rest.

It starts in the laboratory where the DNA is processed over a number of days to draw out and highlight each unique DNA pattern. At the optimum moment, the DNA pattern is photographed using a special camera. The image is then provided to one of the designers.

Each DNA sample is assigned a unique reference and that is used to track the sample all the way through the laboratory, design and production processes guaranteeing authenticity of the artwork. No need to be concerned about privacy either because all samples are destroyed after the photograph is taken. A certificate of authenticity is provided with the DNA masterpiece.

There are 25 standard designs to choose from and two display options, Original and Zoom. Thats 50 different ways to display your unique DNA. In addition to that, every customer has the opportunity to add their own signature, to the finished image after all, every great artist signs their work!

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Molecular economics: New computer models calculate systems-wide costs of gene expression

Project Scientist Daniel Hyduke and Ph.D. candidate Joshua Lerman, in the Palsson Systems Biology Research Group, Department of Bioengineering, discuss how their model enables detailed calculations of the total cost of synthesizing many different chemicals, including biofuels. Photo Credit: UC San Diego Jacobs School of Engineering

(Phys.org) -- Bioengineers at the University of California, San Diego have developed a method of modeling, simultaneously, an organisms metabolism and its underlying gene expression. In the emerging field of systems biology, scientists model cellular behavior in order to understand how processes such as metabolism and gene expression relate to one another and bring about certain characteristics in the larger organism.

In addition to serving as a platform for investigating fundamental biological questions, this technology enables far more detailed calculations of the total cost of synthesizing many different chemicals, including biofuels. Their method accounts, in molecular detail, for the material and energy required to keep a cell growing, the research team reported in the journal Nature Communications.

This is a major advance in genome-scale analysis that accounts for the fundamental biological process of gene expression and notably expands the number of cellular phenotypes that we can compute, said Bernhard Palsson, Galetti Professor of Bioengineering, at the UC San Diego Jacobs School of Engineering.

With this new method, it is now possible to perform computer simulations of systems-level molecular biology to formulate questions about fundamental life processes, the cellular impacts of genetic manipulation or to quantitatively analyze gene expression data, said Joshua Lerman, a Ph.D. candidate in Palssons Systems Biology Research Group.

The teams method can be compared to understanding both the chemical reactions and the machinery that are required to refine crude oil into petrol in a large, industrial factory. Modeling metabolism tells you what biochemical reactions need to take place. Modeling the organisms gene expression tells you what kind of machinery you need. The teams method specifically accounts for the expression of enzymes, which are the molecular machines responsible for the biochemical processes of life. With this knowledge, it is possible to explore how an organism distributes its resources to promote growth and how genetic manipulation of these organisms alters this distribution.

What you could hypothetically do with our model is simulate the total cost of producing a value-added product, such as a biofuel. That includes all the operating and maintenance costs, said Daniel Hyduke, a project scientist in Palssons lab. Hyduke said the method has the potential to help streamline industrial metabolic engineering efforts by providing a near complete accounting of the minimal material and energy costs associated with novel strain designs for biofuel, commodity chemicals, and recombinant protein production.

Hyduke and Lerman prototyped the method on the minimal, yet metabolically versatile, hyperthermophile Thermotoga maritima. Because T. maritima is not currently ready for use in industrial applications, Hyduke and Lerman are working as part of a larger team to produce similar models for industrially relevant microorganisms, such as E. coli.

Weve built a virtual reality simulator of metabolism and gene expression for Thermotoga maritima, and shown that it much better approximates phenotypes of cells than modeling metabolism in isolation, said Lerman.

Journal reference: Nature Communications

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Molecular economics: New computer models calculate systems-wide costs of gene expression

Hanna team wins Biology Bowl at Clemson

The T.L. Hanna High School Biology Bowl Team recently won the annual Bobby G. Wixon Biology Bowl at Clemson University.

More than 900 students took the biology merit exam, and the T.L. Hanna team came out on top in Division III.

Here are the different rankings that student can achieve: Placing in first, second or third means that a student is in the top one percent; an "honorable mention" places a student in the top three percent; a "second honorable mention" places a student in the top 10 percent.

Congratulations to the team and Richard Morand for their efforts. Here are the results for T.L. Hanna participants:

Michael Baker, first place (tie); Nicholas Royals, first place (tie); Jeanette Rodriguez, first place; Adam Schnell, second place (Biology Bowl); and Adam Schnell, third place (Biology Merit Exam).

Also, Nathan Henk, Timothy Moss, Alex Stoll, Victoria Murphree, Molly Bedenbaugh, Daniel Lippiat and Kayli Henk achieved honorable mention and Alex Rubin achieved second honorable mention.

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Hanna team wins Biology Bowl at Clemson

Research and Markets: Comprehensive Chiroptical Spectroscopy. Applications in Stereochemical Analysis of Synthetic …

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/bpl7ss/comprehensive_chir) has announced the addition of John Wiley and Sons Ltd's new book "Comprehensive Chiroptical Spectroscopy. Applications in Stereochemical Analysis of Synthetic Compounds, Natural Products, and Biomolecules" to their offering.

This book provides an introduction to the important methods of chiroptical spectroscopy in general, and circular dichroism (CD) in particular, which are increasingly important in all areas of chemistry, biochemistry, and structural biology. The book can be used as a text for undergraduate and graduate students and as a reference for researchers in academia and industry.

Experimental methods and instrumentation are described with topics ranging from the most widely used methods (electronic and vibrational CD) to frontier areas such as nonlinear spectroscopy and photoelectron CD, as well as the theory of chiroptical methods and techniques for simulating chiroptical properties. Applications of chiroptical spectroscopy to problems in organic stereochemistry, inorganic stereochemistry, and biochemistry and structural biology are also discussed, and each chapter is written by one or more leading authorities with extensive experience in the field.

Key Topics Covered:

PART I A HISTORICAL OVERVIEW

PART II ORGANIC STEREOCHEMISTRY

PART III INORGANIC STEREOCHEMISTRY

PART IV BIOMOLECULES

For more information visit http://www.researchandmarkets.com/research/bpl7ss/comprehensive_chir

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New substances 15,000 times more effective in destroying chemical warfare agents

In an advance that could be used in masks to protect against nerve gas, scientists are reporting development of proteins that are up to 15,000 times more effective than their natural counterpart in destroying chemical warfare agents. Their report appears in ACS' journal Biochemistry.

Frank Raushel, David Barondeau and colleagues explain that a soil bacterium makes a protein called phosphotriesterase (PTE), which is an enzyme that detoxifies some pesticides and chemical warfare agents like sarin and tabun. PTE thus has potential uses in protecting soldiers and others. Natural PTE, however, works against only one of the two molecular forms of these chemical warfare agents, and it happens to be the less toxic form. The scientists thus set out to develop new versions of PTE that were more effective against the most toxic form.

To improve the enzyme's activity, Raushel and colleagues used an approach called "directed evolution." This technique imitates the way natural selection leads to improved forms of the biochemical substances in living things. In using directed evolution, the team made small random changes to the natural enzyme's chemical architecture and then tested resulting mutant enzymes for their ability to break down nerve agents. They isolated several mutants that fit the bill, including one that proved to be 15,000 times more effective than the natural enzyme.

More information: Enzymes for the Homeland Defense: Optimizing Phosphotriesterase for the Hydrolysis of Organophosphate Nerve Agents Biochemistry, Article ASAP. DOI: 10.1021/bi300811t

Abstract Phosphotriesterase (PTE) from soil bacteria is known for its ability to catalyze the detoxification of organophosphate pesticides and chemical warfare agents. Most of the organophosphate chemical warfare agents are a mixture of two stereoisomers at the phosphorus center, and the SP-enantiomers are significantly more toxic than the RP-enantiomers. In previous investigations, PTE variants were created through the manipulation of the substrate binding pockets and these mutants were shown to have greater catalytic activities for the detoxification of the more toxic SP-enantiomers of nerve agent analogues for GB, GD, GF, VX, and VR than the less toxic RP-enantiomers. In this investigation, alternate strategies were employed to discover additional PTE variants with significant improvements in catalytic activities relative to that of the wild-type enzyme. Screening and selection techniques were utilized to isolate PTE variants from randomized libraries and site specific modifications. The catalytic activities of these newly identified PTE variants toward the SP-enantiomers of chromophoric analogues of GB, GD, GF, VX, and VR have been improved up to 15000-fold relative to that of the wild-type enzyme. The X-ray crystal structures of the best PTE variants were determined. Characterization of these mutants with the authentic G-type nerve agents has confirmed the expected improvements in catalytic activity against the most toxic enantiomers of GB, GD, and GF. The values of kcat/Km for the H257Y/L303T (YT) mutant for the hydrolysis of GB, GD, and GF were determined to be 2 106, 5 105, and 8 105 M1 s1, respectively. The YT mutant is the most proficient enzyme reported thus far for the detoxification of G-type nerve agents. These results support a combinatorial strategy of rational design and directed evolution as a powerful tool for the discovery of more efficient enzymes for the detoxification of organophosphate nerve agents.

Journal reference: Biochemistry

Provided by American Chemical Society

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New substances 15,000 times more effective in destroying chemical warfare agents

What Is Anatomy?

Editor's Choice Main Category: Biology / Biochemistry Article Date: 07 Aug 2012 - 22:00 PDT

Current ratings for: What Is Anatomy?

3 (1 votes)

The word anatomy comes from the Greek ana- meaning "up", and tome- meaning "a cutting". Anatomy, especially in the past, has depended heavily on dissection. In Greek and Latin the words "anatomy" and "dissection" have virtually the same meanings. Although both words have similar origins, anatomy has evolved to become a broad discipline of its own, while dissection remains a technique of anatomical science.

Anatomy can be divided into Gross Anatomy (macroscopic anatomy) and Microscopic Anatomy.

Gross anatomy may involve dissection or noninvasive methods; the aim is to acquire data about the larger structures of organs and organ systems.

In dissection, the human or animal cadaver is cut open and its organs are studied. Endoscopy, inserting a tube with a camera at the end, might be used to study structures within living animals. There are non-invasive way of studying, for example, the blood vessels of living animals or humans; an opaque dye may be inserted into the animal to observe the circulatory system (angiography). Live beings may also be studied using MRI (magnetic resonance imaging) or X-ray.

Medical and dental students, as part of their course, will have to perform some kind of practical work in gross human anatomy, this will involve dissection. In many cases, the students dissect human corpses (cadavers).

Sectioning - is cutting tissue into very thin slices so they can be examined. Histological stains are added to biological structures (such as tissues) to add colors or to enhance their colors so they can be more easily distinguished when they are examined, especially if different structures are next to each other. Histology is a discipline that is vital for the understanding and advancement of medicine, veterinary medicine, biology, and some other sub-disciplines of the life sciences.

Histology is used for:

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What Is Anatomy?

TiGenix completes recruitment for arthritis trial

BRUSSELS (Reuters) - Belgian biotechnology firm TiGenix has recruited enough patients to start a mid-stage trial for its stem cell-based treatment for rheumatoid arthritis, it said on Wednesday. "This is the most advanced stem cell therapy trial in rheumatoid arthritis in the world, and completing the enrolment on time confirms our leadership position in the field," said chief executive Eduardo ...

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TiGenix completes recruitment for arthritis trial

NASA mission gives a peek of rover's journey to Mars

PASADENA, Calif. NASA's latest adventure to Mars has given the world more than just glimpses of a new alien landscape.

It opened a window into the trip itself, from video footage of the landing to a photo of the rover hanging by a parachute to a shot of discarded spacecraft hardware strewn across the surface. And the best views -- of Mars and the journey there -- are yet to come.

"Spectacular," mission deputy project scientist Joy Crisp said of the footage. "We've not had that before."

Since parking itself inside an ancient crater Sunday night, the Curiosity rover has delighted scientists with views of its new surroundings, including the 3-mile-high mountain it will drive to. It beamed back the first color picture Tuesday revealing a tan-hued, pebbly landscape and the crater rim off in the distance.

Locale aside, Curiosity is giving scientists an unprecedented sense of what it took to reach its Martian destination. The roving laboratory sent back nearly 300 thumbnails that NASA processed into a low-quality video showing the last 2 1/2 minutes of its white-knuckle dive through the thin Martian atmosphere.

In the video, the protective heat shield pops off and tumbles away. The footage gets jumpy as Curiosity rides on a parachute. In the last scene, dust billows up just before landing.

NASA twice tried to record a Mars landing. In 1999, the Mars Polar Lander carried similar gear, but it slammed into the south pole after prematurely shutting off its engines. Another effort was aborted in 2008 during the Phoenix lander's mission to the northern plains when mission managers decided not to turn it on for fear it would interfere with the landing.

"It's too emotional for me," said Ken Edgett of the Malin Space Science Systems, which operates the video camera. "It's been a long journey and it's really awesome."

The full high-resolution video will be downloaded when time allows and should give the first peek of a landing on another planet.

Curiosity's journey to Mars spanned eight months and 352 million miles. The rover gently touched down Sunday night after executing an elaborate and untested landing routine. The size of a compact car, it was too heavy to land using air bags. Instead, it relied on a heat shield, parachute, rockets and cables to lower it to the ground.

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Industrial Nanotech Launches New Nanocoating to Cool and Protect Decks

NAPLES, Fla.--(BUSINESS WIRE)--

Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced today that the Company has launched a new product, Nansulate(R) Deck, for protection and cooling of wooden decks and railings. This clear protective coating helps to cool deck surface temperatures as well as protects the wood from moisture, UV and weathering, while also being resistant to mold and algae growth.

This new product is the result of customer demand, stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. Customers of our home and roof insulation products were asking us for a coating that could help make their decks cooler in the summer, while also protecting them from mold and algae growth and weathering. Our customers are also very sustainable, so they appreciate the fact that our products do not contain biocides and are environmentally friendly, and will make their decks and railings last longer. After working with our R&D team, we developed a version of our industrial technology, which is used in all types of factory environment and harsh exposure applications, that could fill this need and provide solutions that are not currently available in the deck coating marketplace. Part of what we do is use sustainable nanotechnology to provide solutions to issues that most companies cant solve. Weve provided unique solutions for corrosion under insulation, difficult to insulate areas, and lead abatement, to name a few, and continue to enjoy the challenges that companies and customers bring to us daily.

Industrial Nanotechs patented line of award winning nanotechnology based insulation and protective coatings have been used in industry and by consumers since 2004. These sustainable products provide solutions to energy savings, surface protection, and environmental remediation in an environmentally friendly, clear liquid coating line.

Read more at: http://www.nansulate.com/store/decks

About Nansulate(R)

Nansulate(R) is the Company's patented product line of award winning, specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.inanotk.com) and (www.nansulate.com). Blog: http://www.nansulate.com/nanoblog, Twitter: http://www.twitter.com/NanoPioneer, Facebook: http://www.facebook.com/Nansulate.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Green Building Council. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.

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Industrial Nanotech Launches New Nanocoating to Cool and Protect Decks

Harry Potter Medicine exhibit

Harry Potter's World: Renaissance Science, Magic and Medicine - a traveling exhibition from the National Library of Medicine that explores the Harry Potter book series' roots in the Renaissance traditions which played an important role in the development of Wester science and medicine - is on display now through September 10.

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Harry Potter Medicine exhibit

Chinese Medicine Fair to Spotlight Health Solutions

Conference on Chinese Herbal Medicine Among Highlights

Hong Kong, Aug 8, 2012 - (ACN Newswire) - More than 110 exhibitors and a score of expert speakers will present the latest Chinese medicine products, services and intelligence at the 11th edition of the International Conference & Exhibition of the Modernization of Chinese Medicine & Health Products (ICMCM), which will take place, 16-18 August, at the Hong Kong Convention and Exhibition Centre.

Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Modernized Chinese Medicine International Association, the event will be dedicated to trade visitors over the first two days before welcoming the public on 18 August.

"In view of the growing health consciousness around the world and the increasing demand for health products and services, ICMCM continues as a fair and conference to provide a one-stop trading, shopping and information exchange for Chinese medicine and health products," said Modernized Chinese Medicine International Association President Vivien Chou, speaking at today's press conference. "Recognised as one of the world's leading events of its kind, ICMCM will provide insights into the development of Chinese medicine and health products."

Exhibitors and Themes

The fair will feature exhibitors from Canada, Hong Kong, Japan, Korea, Macau, Singapore, Taiwan and the Chinese mainland, with three provinces Guizhou, Jilin and Qinghai organising group pavilions.

The exhibition will be divided into the following theme zones: Chinese Medicine, Health Supplements, Healthcare & Therapy, Raw Material, Equipment & Related Services, and Research & Development.

Conference Highlights

A two-day conference under the theme "Chinese Herbal Medicine for Major Disease Burden and Health Promotion," will discuss the latest findings and applications of Chinese medicine. Topics will include preventive treatment of disease, Chinese herbal medicine for vascular and immunological diseases and the bioactivity and standards of Chinese herbal medicine.

Speakers will come from the mainland, Hong Kong, Japan, Macau, the Netherlands, Singapore, Taiwan and the United States. They will include Professor Li Da-ning, Vice Commissioner of the mainland's State Administration of Traditional Chinese Medicine, Professor Chen Kai-xian, Presidentof Shanghai University of Traditional Chinese Medicine, Professor Zhang Bo-li, President of Tianjin University of Traditional Chinese Medicine, and Dr David Eisenberg, Associate Professor of Medicine and Public Health at Harvard University. Dr Mei Wang, Director of the Netherlands' SU BioMedicine, will speak on the first successful registration of a Chinese herbal medicine in the European Union.

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Chinese Medicine Fair to Spotlight Health Solutions

City weighs taxpayer burden of medical school, bond package

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Council Member Mike Martinez suggested increasing the package to $400 million, while trying to work around Mayor Lee Leffingwell's reluctance to raise taxes.

Leffingwell says he is hesitant to increase the size of the bond package because the council has already approved rate increases for electricity, water and natural gas service, among others.

The mayor also supports State Sen. Kirk Watson's push to establish a medical school at the University of Texas, and to build a new, state-of-the-art research hospital.

"Realizing that it is such a high priority for our city and for our region, I think it's very appropriate for other jurisdictions to keep in mind that we have to respect that request too," Leffingwell said.

Sen. Watson says his law firm is not at all involved in the efforts to bring a medical school to the University of Texas, but voters need to be educated about the benefits higher taxes will bring.

"They are going to want to create 15,000 jobs and $2 billion in economic activity, Sen. Watson said. They are going to want to take care of the indigent population, so they save money because people aren't at the emergency room."

However, it all still comes with a price tag. Travis County voters would pick up about 10 percent of the tab, or $35 million a year. That would cost the average Austin area homeowner about $88 more a year in property taxes.

"For every dollar of local money we put up, the federal government will match it with $1.46," Watson said.

Leffingwell expects Austin's bond package to be broken up into about seven partsincluding transportation, affordable housing and parks.

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City weighs taxpayer burden of medical school, bond package

Liberty Media Spinning Off Starz to Go After Satellites

By David Benoit

John Malone and Liberty Media are mobilizing cash for the takeover attempt of the rest of Sirius XM Radio.

The media giant is spinning out its Starz premium-cable channel as way to bring in cash for its satellite radio hopes.

Libertys CEO Greg Maffei says the move will permit us to better pursue our strategic objectives, including creating two currencies that could be used for acquisitions; and create significant liquidity at Liberty Media, which preserves all our options with respect to SiriusXM and Live Nation.

The mechanism will be a dividend of shares of the new company paid to holders of Liberty. Starz will hold $1.5 billion in debt and an undetermined amount of cash, as well as the assets of the cable network.

It is the latest move by Liberty, controlled by the billionaire Malone, who has a history of maneuvering around his media assets and has been public in his quest to land the rest of Sirius he doesnt control.

From Dow Jones colleagues William Launder and Saabira Chaudhuri:

In the past few months, Sirius and Liberty have battled publicly over which company should control the satellite radio company.

Liberty gave Sirius a lifeline in early 2009 with several hundred million dollars in loans; in exchange, Liberty got preferred shares equivalent to a 40% stake in the company. Liberty has since increased the stake to more than 46% and asked the Federal Communications Commission for permission to exercise effective control. Sirius has opposed the FCC application, arguing Liberty hasnt taken concrete steps to get control.

The split will also set up Liberty to further pursue its ownership in concert-promotion giant Live Nation Entertainment Inc., in which it currently owns a 26% stake.

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Liberty Media Spinning Off Starz to Go After Satellites

One Liberty Properties, Inc. Reports Second Quarter 2012 Results

GREAT NECK, NY--(Marketwire -08/08/12)- One Liberty Properties, Inc. (OLP), an owner of a geographically diversified portfolio of retail, industrial, office and other properties in the United States, primarily under long term leases, today announced operating results for the quarter ended June 30, 2012.

Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty stated, "During the quarter, the Company continued to execute on its strategy of identifying and completing accretive investments in its effort to maximize value for stockholders. Our network of relationships continues to produce a steady stream of investment opportunities, and we completed approximately $14.3 million of attractive investments year-to-date. We also agreed to sell an asset that will produce a gain for financial reporting purposes of about $15 million, which together with other property sales completed during the quarter, will generate approximately $17.9 million of net proceeds. With the additional capacity on our recently expanded line of credit and available cash, we expect to increase our momentum through the balance of the year."

Operating Results:

Rental income for the second quarter of 2012 increased 6.8% to $11.71 million compared to $10.96 million for the second quarter of 2011. The increase is attributable primarily to rental income earned from the twelve properties acquired beginning March 2011.

Total operating expenses for the second quarter of 2012 were $5.18 million compared to $4.87 million for the second quarter in the prior year.

Net income for the second quarter of 2012 increased by approximately 11.9% to $5.75 million ($0.39 per diluted share), compared to $5.14 million ($0.35 per diluted share) for the second quarter in the prior year. The increase included the impact of a $2.21 million ($0.15 per diluted share) net gain on two property sales in June 2012 compared to a $932,000 ($0.06 per diluted share) gain on a property sale in the second quarter of 2011. The comparable period in 2011 also included a $1.24 million ($0.085 per diluted share) gain on settlement of debt at a discount.

Income from continuing operations was $3.5 million, or $0.24 per diluted share, compared to $4.08 million, or $0.28 per diluted share, in the second quarter of 2011. Included in the prior period results is the gain on settlement of debt at a discount noted above. Income from discontinued operations was $2.26 million, or $0.15 per diluted share, compared to $1.06 million, or $0.07 per diluted share, in the second quarter of 2011. Income from discontinued operations included the gains on dispositions in the second quarter of each period, as noted above.

Funds from Operations:

Funds from Operations ("FFO") was $6.3 million in the second quarter of 2012 compared to $6.7 million in the second quarter of 2011. FFO per diluted share was $0.42 in the second quarter of 2012 compared to $0.46 in the same period in 2011. The comparison of FFO per diluted share quarter versus quarter was impacted due to the inclusion, in the 2011 period, of $1.24 million ($0.085 per diluted share) gain on the settlement of debt at a discount. A reconciliation of GAAP amounts to non-GAAP amounts is presented with the financial information included later in this release.

Acquisitions and Dispositions:

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One Liberty Properties, Inc. Reports Second Quarter 2012 Results

Liberty Media to Spin Off Starz

By Jon Lafayette -- Broadcasting & Cable, 8/8/2012 9:07:37 AM Liberty Media Wednesday announced plans to spin off Starz LLC into a separate publicly traded company.

Executives said that spinoff would give investors a better view of Starz' operations while creating added liquidity at Liberty Media.

"The senior Starz team and I are very energized by the decision to make Starz its own independent company. I believe this stand-alone structure is the first step to unlocking the real potential growth opportunities for our businesses," Chris Albrecht, CEO, Starz, said in a statement.

Albrecht said that the company's subscription businesses are running at quarterly highs, Starz achieving 20.7 million subscribers and Encore reaching 34.2 million at the end of the second quarter.

"We continue to add value to the networks with our investment in quality original programming," he said.

Starz' revenue remained unchanged at $403 million for the second quarter, according to Liberty Media's earnings announcement. An increase in revenue for the Starz Channels business was offset by decreases in revenue for the Starz Distribution and Starz Animation businesses.

According to the company, Liberty's board of directors authorized a plan to distribute to the stockholders of Liberty Media shares of a subsidiary that will hold all of the businesses, assets and liabilities of Liberty Media not associated with Starz, LLC. The subsidiary, which would become a separate public company, would be called Liberty Media Corporation, or "New Liberty." The businesses, assets and liabilities not included in New Liberty would be part of a separate public company called Starz. Starz will consist of 100% of Starz LLC, approximately $1.5 billion in debt (assuming full draw down of the Starz bank facility) and an undetermined amount of cash.

The spinoff is intended to be tax-free to stockholders of Liberty Media and its completion will be subject to various conditions, the company said. The spinoff will not require a stockholder vote and is currently expected to occur in late 2012.

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Libertarian in race for 6th District

Fishman

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BOSTON -- The race between U.S. Rep. John Tierney and Republican Richard Tisei is now a three-way contest, with Beverly Libertarian Daneil Fishman reaching the signature requirement to appear on the ballot.

The 6th District race has been the most hotly contest Congressional contest in the country to this point, with Tisei and Tierney lobbing attacks at one another on a seemingly daily basis.

Fishman's presence throws a potential monkey-wrench into a contest that could be decided by just a handful of votes.

The 44-year-old software engineer has never run for public office. His campaign slogan is "Common Sense Requires Common People."

"I'm often asked who my candidacy hurts the most. I'm running to restore power to the people, not to weaken any candidate," Fishman said in a statement. "Both sides are angry with me because professional politicians resent it when we the people intrude on their two-party tea party."

Fishman previously lived in Texas, but he has family members who have lived on the North Shore since the early 1900s.

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Libertarian in race for 6th District

Cayman Islands scrap planned income tax

Tax haven remains tax haven.

The Cayman Islands. Photograph: Getty Images

The Cayman islands, famed for being a haven for tax exiles and a jurisdiction which imposes minimal transparency requirements on foreign businesses, has scrapped an income tax which it was planning to levy on expatriate workers.

The Associated Press reports:

[Premier McKeeva] Bush announced in late July that he planned to impose a direct tax on expatriate workers' income Sept. 1 to bail the territorial government out of a financial hole and to meet Britain's demand that Cayman diversify its sources of revenue beyond the work permit fees, duties and other fees it now relies on.

He later said the annual income threshold would be $36,000, which would have affected about 5,870 expatriates. He described it as a "community enhancement fee" rather than a tax.

The proposal outraged many people, who said the tax would be discriminatory and could destroy the islands' main economic anchor.

The tax is, of course, problematic; imposing a special fee just on expatriate workers is aprima facie unjust thing to do. But it is somewhat surprising that Cayman residents have been quite so vehemently opposed to what is, after all, a relatively normal thing to experience in other countries.

It's almost as though they moved there for the express purpose of avoiding tax. Almost.

Scrapping the tax now leaves the Islands with a black hole in their finances, which the other ~48,000 residents of Cayman will struggle to pay off. But there could be a silver lining to that, as accountant and tax campaigner Richard Murphy writes:

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Cayman Islands scrap planned income tax

Hollywood’s Elizabeth Banks: I’m for Obama. Period.

With President Barack Obama set to emphasize women's health care on a swing through Colorado, Hollywood star Elizabeth Banks warns in a new campaign ad that Mitt Romney's opposition to Planned Parenthood would take away cancer screenings. Banks also describes her reliance on Planned Parenthood in unusually personal terms, describing how she got birth control [...]

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Hollywood’s Elizabeth Banks: I’m for Obama. Period.